Princeton Digital Group Announces a $150 Million New Data Center in Indonesia

Singapore-based Princeton Digital Group (PDG), Asia’s leading data center provider, today announced plans for a greenfield development in Jakarta, Indonesia, as part of PDG’s plan to expand its footprint to serve its customers’ needs in the booming Indonesian digital economy. With 19 data centers across 5 countries PDG has built an unrivalled footprint in less than 4 years since its inception. The company recently announced an investment of USD 1 billion to open a 100 MW flagship data center campus in Japan.

The new 22MW data center, to be named Jakarta Cibitung 2 (JC2), is being built within the same 19,550m2 campus that houses PDG’s existing data center JC1. This expanded campus of 35MW is well-poised to serve global cloud companies, domestic internet companies and enterprises with unmatched scalability, connectivity and reliability.

The greater Jakarta area is experiencing increasing adoption of cloud-based services, among consumers, businesses and government. Indonesia is also home to some of the fastest-growing start-up companies of SE Asia.

“The Asia Pacific region is set to be the largest data center market in the world, and this announcement underscores our vision to be the market leader in this region,” said Rangu Salgame, Chairman and CEO of Princeton Digital Group. “Over the last four years, through our unique three-pronged strategy of acquisitions, carve-outs and greenfield development, we’ve built a strong portfolio of data centers across key Asian markets such as China, Singapore, Indonesia, India and Japan. PDG has become a partner of choice for hyperscalers across multiple countries. PDG’s growth in Indonesia demonstrates our continued ability to expand rapidly in markets that matter to our customers.

“Jakarta is an exciting market, Cibitung being the pre-eminent cloud cluster in the region. With the expanded campus, PDG has become a significant player in the Indonesian market. With the explosive economic growth and rapid digitalization by both government and private sectors in Indonesia, the market is core to PDG’s strategy,” added Stephanus Tumbelaka, PDG’s Managing Director of Indonesia.

According to Structure Research, the Jakarta data center colocation market is still developing, and the sector is expected to grow at a five-year CAGR of 23.7% through 2025. Jakarta is going to be a hyperscale market sooner than later.

About Princeton Digital Group

Princeton Digital Group (PDG) is a leading investor, developer and operator of Internet infrastructure. Headquartered in Singapore with presence and operations in China, Singapore, India, Indonesia, and Japan, its portfolio of data centers power the expansion of hyperscalers and enterprises in the fastest growing digital economies across Asia. For more information, visit www.princetondg.com

Media Contacts
Princeton Digital Group
Grace Chen
PR@princetondg.com

PRecious Communications for Princeton Digital Group
PDG@preciouscomms.com

Gaming platform Zupee closes Series B at over $500 Million valuation

Zupee, a leading innovator in India’s online skill-based gaming industry, has announced that it has raised $30 million at a pre-money valuation of $500 million in Series B funding round. This round of funding has been co-led by Silicon Valley based WestCap Group and Tomales Bay Capital, with participation from Matrix Partners India & Orios Venture Partners.

Dilsher Singh

This round comes within 6 months after its Series A round at a $100 million valuation, which is more than 5x increase in the company’s valuation. With total funds raised now at $49 million, Zupee is backed by some of the best in the industry – WestCap Group, Matrix Partners India, Smile Group and Orios Partners. The company has an existing user base of over 10 million users. This new round of funding will be used to enable scaling efforts through expanded product portfolio, deepening market reach and hiring global talent.

Founded in 2018 by graduates of India’s leading institution IIT Kanpur, Dilsher Singh and Siddhant Saurabh, and incubated with funding from Smile Group, Zupee innovates by reengineering time-tested games and enabling them to enhance skill, joy and hope. The company’s portfolio has innovative gaming formats of multiple popular board games. The flagship gaming app hosts live trivia quiz tournaments and has seen over 250 million gameplays.

Dilsher Singh, Founder and CEO, Zupee said, “Games inherently celebrate the journey and nurture self-expression. That’s what I am committed to building with Zupee – an organization which enables people anywhere in the world to enhance their intrinsic happiness through games. We innovate to ensure our games provide an intersection between skill and entertainment, enabling our users to earn while they play. We thank our investors for believing in our purpose and enabling us to progress on our journey to transforming it to reality. Our journey has just begun; 10 million happy users in India, billions more globally we want to touch through our innovative games.”

“WestCap remains a key strategic investor and operating advisor to Zupee and we are increasing our interest again as part of this most recent funding round,” commented Laurence A. Tosi, Founder and Managing Partner of WestCap and early investor in Zupee. “Dilsher and his world class team have innovated some of the most compelling and widely used mobile games of skill in India. The enduring appeal of the Zupee games brings engagement, enjoyment and empowerment to the widest audience of any gaming platform in the market. This funding will enable the Zupee team to invest further in innovation, expand its suite of games and aggressively pursue international expansion. Zupee has exponentially accelerated its growth over the last 12 months, making them one of the largest and fastest growing game companies globally.”

According to industry reports, the global online gaming industry is estimated to grow from $98 billion in 2020 to $272 billion in 2030. In 2020, the industry saw over 53 billion mobile gaming downloads worldwide, of which 17% came from India. By the end of this year itself, there will be 2.9 billion players worldwide.

About Zupee

Zupee is an online skill-based gaming platform startup based in India that is focused on innovating and creating games that engage, entertain and empower users.
More information about the company and its founder is available at https://www.zupee.global/

For further information, please contact:
Vikas Kumar – 9811054648; vikas.kumar@zupee.in
Himani Rautela – 9711306576; himani.rautela@zupee.in